Monday, August 29, 2011

Did Hurricane Irene invalidate your NYS Property Condition Disclosure Statement?

New York residential real estate sellers, agents, brokers, and attorneys may need to follow-up with their clients due to Hurricane Irene.  She may have invalidated your NYS Property Condition Disclosure Statement, which could affect your property resales/sales.

Waterfront property or
flooded driveway?

The NYS Property Condition Disclosure Act requires the seller of residential real property to present a signed statement of known conditions and information concerning the property to the seller. Your building inspectors may have inspected a dry site, not after a hurricane.

Specifically, line items: 10, 11, 20, 28, 30 thru 47 with respect to flooding, damages, and other conditions. Failure to disclose updated conditions could affect your sales. Please consult counsel as needed.

Hudson River Architecture, PLLC performs residential property condition inspections and updates in the Hudson River area.

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